Precious and Base Metal Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bruce Robbins who wrote (2773)	3/28/2002 12:49:26 PM
From: baystock	Read Replies (1) of 39344

<They have sold forward the entire reserve at Jean-Gobele. > Yes I am not pleased with their hedging either. But they have sold forward 160K oz at $290 which is under 3 years production from Jean-Gobele, and less if they can bring a second mine into production. If POG stays under $300 or spikes to $350 or more, their yearly cash flow from Jean-Gobele will still be a respectable US$8 million. And at POG over $350 their undeveloped exploration ounces will be worth a heck a lot more. Also they have zero debt at present.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next